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David Sacks Sells $200M in Crypto Before Taking Office Amid Conflict-of-Interest

  • David Sacks, the newly appointed AI and cryptocurrency affairs chief, has sold over $200 million in digital assets before taking office.
  • Sacks sold at least $85 million of his own cryptocurrency holdings through personal accounts and Craft Ventures, his company.
  • Sacks responded to criticism and sold all his cryptocurrency investments, including bitcoin, ether, solana, and shares in Coinbase and Robinhood.
  • There are concerns about potential conflicts of interest among other cabinet members and their significant investments in cryptocurrencies.

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